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Prices at the Pumps – January 17, 2024 | SaltWire
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A look at the day ahead in European and global markets from Ankur Banerjee
A slew of economic data from China pointed to a weak recovery, leaving investors underwhelmed and more keen than ever for additional stimulus measures from Beijing.
Markets may also be feeling a sense of deja vu. After all, we’ve been here before: A property crisis with no signs of letting up, mounting deflationary pressures and weak consumer demand were all hobbling China’s economy for much of 2023, and have spurred a steady drumbeat of demands for stimulus.
Wednesday was no different. Data showed gross domestic product grew 5.2% in October-December…
